PHIL HAMBURGER: When Is a Tax Not a Tax? When it’s a taking, like California’s proposed wealth

PHIL HAMBURGER: When Is a Tax Not a Tax? When it’s a taking, like California’s proposed wealth levy. California’s proposed billionaire tax is unconstitutional. The ballot initiative calling for one-time retroactive 5% tax on the net worth of the state’s billionaires has prompted much unease, but the legal arguments against it have remained elusive. It’s […]